They started having financial difficulties a few months later, paid a few sizable payments and the rest is history.. havent received a rent payment in years and the homeowner cant do anything. wants to sell but doesn't want to kick friends out... every time she tells them to pay theres another excuse... at the time she thought it was a win win for everybody.

Hi everyone - I'm building a small portfolio of multifamily property in Jamestown, NY. I'm having a challenge finding a loan, whether that is a DSCR or a mortgage that will fund for $90K (I'm putting $30K down) under ...

Understanding one another's difficulties can lead to better solutions.Make sure that any modifications to the rent payment schedule are noted in writing, perhaps as an addition to the lease agreement.

Investing out of state can pose challenges such as unfamiliarity with local markets, potential difficulty in property management, and variations in regulations.

You will find it very difficult to find financing due to location/low cost, finding good tenants is much harder and you will have to lower your standards, safety concerns if you self manage, and difficulty trying to get anything done with the city. 

(my search criteria has to improve)I feel the very cheap home values in my area heavily contributed to the difficulty of finding good or even decent contractors, Is it possible home values in my area are too cheap to margin in what a "good contractor" would cost? 

You want to be sure the costs are not going to rise and/or there will be difficulty writing the coverage.You may want to investigate the costs of Umbrella coverage regardless of what you do for the ownership. 

Otherwise, you may have more difficulty getting the funds you need.For flips, best to initially find a Hard Money Lender (HML), call around and find some that are nice to newbies and will not scoff at you or not want to work with you when you ask newbie type questions.

There are some great opportunities in Killeen, and the Fort Hood military base isn't going anywhere any time soon.One of the difficulties with the Killeen/Fort Hood area is that builders are putting up new construction all the time, offering new places that are priced right within Soldiers' housing allowance rates.For MFH in the area, you have to be willing to honor the military clause and expect turnover every few years if you rent to military.

I'm having difficulty locating it directly.